BRAC BANK OFFERS 'SHAFOLLO' LOANS TO iFARMER AGRI RETAILERS

BRAC Bank has partnered with iFarmer, a Bangladeshi agri-tech company, to extend its digital lending programme 'Shafollo'. Through this collaboration, iFarmerCenter (IFC) retailers will be able to access working capital directly from BRAC Bank's Shafollo initiative. Loans can be accessed through BRAC Bank's Shubidha App and iFarmer'sKriShop App. A memorandum of understanding and promoter agreement were signed on Thursday in Dhaka by Syed Abdul Momen, additional managing director and head of SME banking, BRAC Bank, and Fahad Ifaz, co-founder and CEO, iFarmer.